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DFDS AS (OCSE:DFDS) Cyclically Adjusted Book per Share : kr194.05 (As of Mar. 2025)


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What is DFDS AS Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

DFDS AS's adjusted book value per share for the three months ended in Mar. 2025 was kr251.426. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is kr194.05 for the trailing ten years ended in Mar. 2025.

During the past 12 months, DFDS AS's average Cyclically Adjusted Book Growth Rate was 9.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 11.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of DFDS AS was 12.20% per year. The lowest was 6.60% per year. And the median was 11.20% per year.

As of today (2025-05-29), DFDS AS's current stock price is kr104.70. DFDS AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was kr194.05. DFDS AS's Cyclically Adjusted PB Ratio of today is 0.54.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DFDS AS was 4.21. The lowest was 0.42. And the median was 2.21.


DFDS AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for DFDS AS's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DFDS AS Cyclically Adjusted Book per Share Chart

DFDS AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 121.38 134.67 157.42 171.58 188.61

DFDS AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 177.49 181.19 185.20 188.61 194.05

Competitive Comparison of DFDS AS's Cyclically Adjusted Book per Share

For the Marine Shipping subindustry, DFDS AS's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DFDS AS's Cyclically Adjusted PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DFDS AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where DFDS AS's Cyclically Adjusted PB Ratio falls into.


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DFDS AS Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, DFDS AS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=251.426/120.2000*120.2000
=251.426

Current CPI (Mar. 2025) = 120.2000.

DFDS AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 100.563 100.300 120.515
201509 107.579 100.200 129.052
201512 109.232 99.800 131.560
201603 101.273 100.200 121.487
201606 104.777 100.600 125.191
201609 108.188 100.200 129.782
201612 116.318 100.300 139.396
201703 105.467 101.200 125.268
201706 112.875 101.200 134.067
201709 116.780 101.800 137.888
201712 120.119 101.300 142.530
201803 116.205 101.700 137.344
201806 139.799 102.300 164.260
201809 151.309 102.400 177.611
201812 160.492 102.100 188.944
201903 152.860 102.900 178.559
201906 162.676 102.900 190.026
201909 175.987 102.900 205.575
201912 179.619 102.900 209.817
202003 179.800 103.300 209.215
202006 179.948 103.200 209.591
202009 182.378 103.500 211.805
202012 183.195 103.400 212.960
202103 187.796 104.300 216.425
202106 190.463 105.000 218.035
202109 193.618 105.800 219.971
202112 199.550 106.600 225.009
202203 197.870 109.900 216.415
202206 210.199 113.600 222.411
202209 220.345 116.400 227.538
202212 227.459 115.900 235.898
202303 224.212 117.300 229.755
202306 233.664 116.400 241.292
202309 244.433 117.400 250.263
202312 246.193 116.700 253.577
202403 242.978 118.400 246.672
202406 249.683 118.500 253.265
202409 260.009 118.900 262.852
202412 255.834 118.900 258.631
202503 251.426 120.200 251.426

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


DFDS AS  (OCSE:DFDS) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

DFDS AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=104.70/194.05
=0.54

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of DFDS AS was 4.21. The lowest was 0.42. And the median was 2.21.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


DFDS AS Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of DFDS AS's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


DFDS AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DFDS AS (OCSE:DFDS) » Definitions » Cyclically Adjusted Book per Share
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Address
Marmorvej 18, Copenhagen, DNK, DK-2100
DFDS AS is a transportation and logistics company domiciled in Denmark. The two main divisions are the ferry division and the logistics division. The ferry division operates ferry routes around Europe transporting freight, passenger, and passenger cruise ferries. The logistics division provides transport solutions for full and part loads as well as contracts logistics solutions, including warehousing. Its main customers include manufacturers of industrial goods. The company generates the majority of its revenue from the ferry division. It has a presence in geographical markets such as North Sea, Mediterranean, Baltic and Channel, Continent, Nordic and UK/Ireland.

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